Dynex Cap's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Dynex Cap (NYSE:DX) has announced a monthly dividend of 13 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 13 cents lower to reflect the payout. Shareholders who own DX as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on November 01, 2023.
October 20, 2023 | 2:45 pm
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Dynex Cap's dividend announcement may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not necessarily a negative indicator. The dividend payout could attract income-focused investors.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, reflecting the amount of the dividend. This is a standard part of the dividend process and does not necessarily indicate a problem with the company. The dividend payout could attract investors who are focused on income, potentially increasing demand for the stock.
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